$BONK (((NEW LOWS))) ?? 🤯📉Looks like we are heading lower:
Probability = High
Target = $0.00000712 - 730
BONKUSD trade ideas
$BONK to 0.0000007777$BONK !!!
If You Know Then You KNOB
$BONK to 0.0000007777
Good confluence with a weird wedge breakout and some fibs
$BONK is the CRYPTOCAP:SOL meme this cycle
BONK Token's Breakout or Fakeout? A Technical Trader's InsightBias: Neutral-Bullish
Description: BONK token's chart indicates a consolidation pattern forming, with potential bullish divergence noted on the RSI. The price is hugging the SMA (24), suggesting indecision but with possible upside if supported by volume.
Direction: Potential Upward (Conditional)
Entry: Consider entry on a confirmed breakout above the recent downtrend line, accompanied by increased volume, for validation.
Stop Loss: A tight stop loss could be positioned below the most recent lower support level to mitigate risk.
Targets: Conservative targets could be set at incremental resistance levels, with an optimistic target aiming for previous highs.
Caution: This setup requires confirmation due to the token's current consolidation. Keep an eye on market sentiment and news that could affect BONK's price action. Monitor closely for any sign of trend reversal, and be ready to adjust the plan accordingly.
BONK Price Faces a Correction Or A Potential for Reversal?Current State: BONK price is undergoing a significant pullback, hinting at a deeper correction phase. Struggling below $0.000015, it reflects a weakening bullish grip.
Key Support Levels: Despite the downturn, BONK finds support at the 200 EMA in the 4-hour chart, suggesting a potential rebound.
Death Cross Concerns: The rapid decline has raised concerns of a looming death cross in the 4-hour chart as the 50 EMA declines.
Recent Performance: BONK experienced a sharp drop this week, undercutting the $0.000015 level and retesting the 200 EMA.
Potential for Recovery: Despite the recent fall, the historical bull run and overall market optimism fuel hopes for BONK's recovery.
Technical Scenario: Currently, BONK shows signs of a fightback, rebounding above $0.000015. However, the loss of the 61.80% Fibonacci level turns it into a resistance challenge.
Intraday Dynamics: Trading at $0.0000155 with a 4.84% intraday increase, BONK shows potential for a strong reversal, indicated by a morning star pattern in the daily chart.
Future Prospects: If BONK sustains above $0.000015, it could retest previous highs. Fibonacci retracement levels in the 4-hour timeframe highlight key resistance zones.
Technical Indicators:
MACD: A positive crossover in the daily chart supports a bullish reversal.
Fibonacci Levels: Highlight crucial resistance zones for BONK.
Outlook: If BONK maintains above the critical $0.000015 level, it might aim for $0.000035, especially with the New Year rally approaching.
Downside Risks: However, the threat of a death cross in the 4-hour chart could intensify the downside risk, possibly pushing BONK towards $0.000010.
Demand Zone $ Discount TIME!View yellow color prices to the scale on the right. POC volume zone means it’s reached that destination plenty of times and is a potential zone.
Yellow lines are volume buy and sell zones. Kind of like order blocks but not.
$$SMART MONEY BULLISH CONTRACTION$$Bonk has created a bullish contraction from the beginning & matches Bitcoins right from the start.
There’s a volatility contraction
Finally Bonk is available and best of all, the BULL market is around the corner. Smart money and all traders including me are taking advantage right from demand.
Yes, you heard me right; up to 0.01 cents. Not sure where! Bonk has no structure. It’s so new. Bonk will be 110% better than Shiba-Inu.
As always I don’t care or pay attention to the news or price predictions, it’s all bogus. No such thing as WIZARDS. lol
(Prior in my olden days I payed attention to the news and price predictions and I lost it all.)
I know now more than ever and still learning and take facts into consideration along with my algorithm.
Doge started from the zeros and went up past 0.73 cents and it was supposed to be a joke coin. How much better will BONK be.
I’ve decided to follow the whales.
This coin will have plenty of ups and downs while on its way to the huge Highs.
No financial advice.
$BONK New Lows Incoming 📉$BONK facing weakness for the past few
days due to Solana pullback and may
be reaching new All Time Lows / ATL's
Expect a break below $0.00001500 and consolidation with little short term
price action. We will have to see CRYPTOCAP:SOL
reverse and create a bullish divergence
with strong momentum to the upside before we see $BONK back in action.
I will be updating if i see any changes.
BONK Tokens and SOL Phones: Why the Surge in Solana?The tl;dr of the recent surge in CRYPTOCAP:SOL and $BONK is the Solana Phone Rebate - the potential for buyers to make more money than the initial asking price of $599. Once the token drop of 30M that came with each purchase exceeded the cost of the phone itself, it created a frenzy that has driven the price of both coins at once.
The question is - will it last? Solana developers and core team members were airdropped enough tokens to make potentially millions if they manage to sell off at the right moment. This would be your classic rug-pull strategy, which the project is already known for due to past scandals. Or will things be different this time? Time will tell. 👀
$BONK bullish???If this does not break back down into the channel. We could be seeing .0004 in the coming weeks.
bonk long ideai see $bonk showing signs of bullish continuation here on the price chart while the market cap and volume continue to increase after its coinbase debut
$BONK🦁 30 Min TF 📉Looking at $BONK it is very likely to continue in its downward trajectory towards
$0.00001635 - $0.00001620 possibly lower. The recent Bitcoin pump helped create some short lived bullish momentum but not enough to continue a steady climb towards & through the previous resistance of $0.00002480 - 2490.
Expect more pressure from the Bears 🐻 📉
Follow me @ Trade_Wolf 🐺 for more analysis, thank you for stopping by...
Above this line, Sol Phone is freeAbove 000020000, the Solana Saga Phone is free ($600/phone.)
Degens are refreshing their allocation value using checkphone.xyz; when CRYPTOCAP:BONK touched $1000/phone, it marked the local top. $600/phone appears to be very strong support.
This line is proving to be support thus far, as degens wait for their shipments to arrive after selling out just a couple days prior.
BULLISH HARMONIC I created this because I know many entered before it dipped. You may be wondering if you should sell for a loss. I myself would not sell. This is a new coin and will have plenty of uptrends but please, before we ever make a financial decision. I encourage you to always buy at the demand zone. I know smart money pretends to bluff but then dips to entice.
I have trend breakout trend lines with harmonic. Smart Money has created this harmonic for themselves.
Horizontal red lines are the danger zones. Once the trend reaches, may dip again.
This was on a 10 min chart, I had to make it a 15 min chart to publish it to the public.
Pullback Phase in BONK Teases Deeper Retest!Sharp Pullback Observed: BONK price experiences a significant dip, dropping over 20%.
Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level.
Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark.
Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally.
Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest.
4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level.
Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction.
Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive.
BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround.
Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.
BONK x Saga TradeSome traders are buying the Solana Saga phone to claim a 30 million BONKUSD airdrop, currently worth a little more than the phone.
Preface: Short term cap gains on BONK claim, for a phone you presumably doxxed to buy, is between 10% & 37%. Averaged to 20%, means you'll owe $100 on $500 of CRYPTOCAP:BONK , $160 at $800.
Current Trend: BONK is averaging a 40% correction after each impulsive move. Its potentially topping as we speak & another 40% correction would align well with fib retracement levels.
Corrective moves ~5-7 day duration. If your phone arrives in 3 days, price is potentially already trending down.
Forecast:
At a 20% drop from current levels, at 0.000023 BONKUSD, you cash out for $690. Cap gains are $138, you net $552.
Worst case lets say you sell the bottom of that local correction after a 40% drop - thats 0.000018 BONKUSD which comes out to $540, with $108 cap gains, net $432. Still not terrible, could be better.
The bigger risk is whether this is a local top, or a larger selloff. If the correction extends beyond the 50% fib retracement, you might be hurting.
With the BONK devs reportedly selling today, a larger selloff on the horizon isn't out of the question.
Long term perhaps BONK is a bull market contender and long term HODL, but this is a bit farther out on the risk scale than many other options.
Larger Correction: if we log a larger selloff, a good speculative target is between 0.0000013385 and 0.0000023808 BONKUSD, a ~90% drop in value from current price - reasonable after a parabolic move to the upside.
Remember how many FWB:PEPE bagholders bought the top during bear, and the memetics behind PEPE are arguably much stronger than whatever a BONK is.. (I own neither).
BONK 2If bonk chooses to lose 1st support and floats these are the levels im looking at
We stay above .00002471 and use it as support then we can see .00003643
After if we break we see
.00004
BONKKKKKK at the moment this is what im looking at for bonk with support one and 2 but i hope we dont lose support 1
Will post another chart one the daily candle closes
$BONK Your Head Here - IF YOU KNOW THEN YOU KNOB$BONK looks to make a big move up based on a fib retracement from the last high to the recent lows.
look for resistance and $BONK Your Head at 0.0000006224
IF YOU KNOW THEN YOU ...... KNOB
